Link Net launches landmark Indonesian deal

Having completed a technical IPO in June, the Indonesian TV operator hopes to build up an institutional investor base with a new deal, which launches roadshows on Monday.

Roadshows begin in Hong Kong this Monday for a Rp7.55 trillion to Rp8.15 trillion $620 million to $670 million equity offering by Link Net, the broadband and cable TV arm of Indonesia's Lippo Group.

To all extents and purposes the 1.217 billion share deal represents an initial public offering since the group only raised Rp486 billion $42.3 million when it originally listed on the Jakarta Stock Exchange in June. Like others before it, this technical...